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Suppose an economy is initially operating at long-run equilibrium when there is an increase in consumer optimism about the economy. Everything else held constant, the immediate …

Suppose an economy is initially operating at long-run equilibrium when there is an increase in consumer optimism about the economy. Everything else held constant, the immediate …
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Suppose an economy is initially operating at long-run equilibrium when there is an increase in consumer optimism about the economy. Everything else held constant, the immediate impact of this shock will be a(n) ______ in the aggregate price level, a(n) ______ in real GDP.

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User Nbilal
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1 Answer

2 votes

Answer:

The correct option is Increase and Decrease respectively

Step-by-step explanation:

Suppose an economy is initially operating at long-run equilibrium when there is an-example-1
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User Zooly
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